DBCC to review possible changes in growth targets

The Development Budget Coordination Committee (DBCC) will review economic data in March before deciding on possible revisions to the country's growth targets for 2025, Budget Secretary Amenah Pangandaman said.

- KEISHA TA-ASAN

"We'll see, we'll see. We don't know yet, but we will have our next DBCC meeting in March," Pangandaman told reporters when asked about the government's ability to meet this year's economic targets.

The country's gross domestic product growth stood at 5.6 percent in 2024, falling short of the government's six to 6.5 percent GDP goal.

The DBCC is targeting to grow the economy by six to eight percent this year.

Analysts have raised concerns that lingering external risks and tight monetary policy could weigh on this year's growth outlook.

Pangandaman said the DBCC would assess several factors, including GDP performance, inflation and employment data.

She also noted that monetary policy decisions would play a key role in shaping the outlook.